Cambridge IGCSE Economics practice

Paper 2 structured question: Microeconomics and macroeconomics

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Paper

Marks

Topic

Microeconomics and macroeconomics

Exam-style question

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Paper 2Structured Questions4 marks

The distinction between microeconomics and macroeconomics is fundamental in economics.

Description

Microeconomics focuses on individual markets, while macroeconomics looks at the economy as a whole.

a
Explain the difference between microeconomics and macroeconomics.
Your answer
Aim for approximately 4 distinct marking points.
[4]

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Paper 2Structured Questions1 marks

Description

In microeconomics, decision makers include consumers and firms, while in macroeconomics, they include governments and central banks.

a
State the main decision makers in microeconomics.
Your answer
Aim for approximately 1 distinct marking point.
[1]